Currency Manipulators

There’s not much daylight between the candidates when it comes to protectionism either. Romney complained about Chinese currency manipulation in the debate. Obama one upped him by bragging …”Now with respect to what we’ve done with China already, U.S. exports have doubled since I came into office, to China and actually currencies are at their most advantageous point for U.S. exporters since 1993″.

Here is James Grant, of Grants Interest Rate Observer, on Bloomberg last August saying the Fed needs to get out of the central planning business.